One of the instruments in the spotlight adding to the real estate meltdown was Commercial Backed Mortgages, or CMBS. With new standards in place for appropriate backing of these securities, it is good to see them make a comeback in the South Florida Economy.
The return of CMBS has been very strong with 98% more of the securities granted in South Florida over the same period last year.
Seeing investor confidence in South Florida is a harbinger of our improving Economy.
We at Rosenfeld Realty Advisors welcome all efforts that will help jumpstart commercial real estate in South Florida.
Check out the article in the South Florida Business Journal.